NEW YORK, Feb. 09, 2026 (GLOBE NEWSWIRE) -- Vornado Realty Trust (NYSE: VNO) reported today: Quarter Ended December 31, 2025 Financial Results NET INCOME attributable to common shareholders for the quarter ended December 31, 2025 was $601,000, or $0.00 per diluted share, compared to $1,203,000, or $0.01 per diluted share, for the prior year's quarter. FUNDS FROM OPERATIONS ("FFO") attributable to common shareholders plus assumed conversions (non-GAAP) for the quarter ended December 31, 2025 was $112,927,000 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended: December 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-11954 (Vornado Realty Trust) Commission File Number: 001-34482 (Vornado Realty L.P.) Vornado Realty Trust Vornado Realty L.P. (Exact name of r ...

NEW YORK, Feb. 09, 2026 (GLOBE NEWSWIRE) -- VORNADO REALTY TRUST (NYSE: VNO) announced today that it has completed a $525 million refinancing of One Park Avenue, a 945,000 square foot Class A Manhattan office building. New York University leases approximately 74% of the space at the property. The interest only loan carries a rate of SOFR plus 1.78% and matures in February 2031, as fully extended. The loan replaces the previous $525 million loan that bore interest at SOFR plus 1.22% and was scheduled to matu ...

Market Overview - The S&P 500 rose approximately 0.5%, the Nasdaq increased by 1%, and the Dow Jones Industrial Average remained around the flatline above 50,000 [1] - Technology stocks rebounded from recent declines, with significant contributions from the portfolio's Magnificent Seven positions, excluding Apple and Amazon [1] Inflation Expectations - The New York Fed's 1-year inflation expectations decreased to 3.09% from 3.42% in December, below the consensus estimate of 3.38% [1] Capital Expenditure Insights - Bank of America reported a 14% quarter-over-quarter and 66% year-over-year increase in fourth-quarter global hyperscale capital expenditures, reaching $148 billion, which was $7 billion more than previously expected [1] - Looking ahead, Bank of America forecasts capital expenditures to be $748 billion in 2026 and $869 billion in 2027, reflecting year-over-year growth rates of 56% and 16% respectively, which are higher than previous estimates of 36% and 15% [1] Upcoming Earnings Reports - Earnings reports are expected from On Semiconductor and Vornado Realty Trust after the market closes, with additional reports from DuPont, Coca-Cola, Datadog, Fiserv, Spotify, AstraZeneca, Ferrari, Marriott International, BP, and Xylem before the market opens on Tuesday [1] Sector Performance - The AI capital expenditure beneficiary basket is performing well, with new highs in companies such as Corning, GE Vernova, Dover, Cisco, and Qnity Electronics, alongside solid gains in Eaton and strength in semiconductor stocks like Nvidia and Broadcom [1]

Core Viewpoint - Vornado Realty Trust is facing challenges in the real estate market, leading to a decline in analysts' price targets, while its commitment to sustainability remains a positive aspect for long-term growth [2][3][4]. Group 1: Company Overview - Vornado Realty Trust is a significant player in the real estate sector, with a strong presence in major cities like New York City, Chicago, and San Francisco [1]. - The company manages over 23 million square feet of LEED-certified buildings, highlighting its dedication to sustainability [1]. - Vornado received the Energy Star Partner of the Year Award for Sustained Excellence in 2019, recognizing its environmental efforts [1]. Group 2: Market Performance - Vornado's consensus price target has decreased from $41 to $39, and then to $36, indicating growing caution among analysts regarding its stock performance [2]. - Expectations for Q4 2025 earnings report suggest a decline in both revenue and funds from operations (FFO), attributed to challenges in the competitive office market [3]. Group 3: Strategic Initiatives - A recent leasing deal with Paramount at Sunset Pier 94 Studios, covering 70,000 square feet, reflects Vornado's strategic diversification efforts [4]. - This initiative is expected to enhance Vornado's long-term revenue prospects and attract environmentally-conscious investors and tenants [4]. Group 4: Upcoming Events - Investors should monitor Vornado's earnings announcement on February 9, 2026, and the subsequent conference call on February 10, 2026, as these events may influence analysts' price targets and investor sentiment [5].

Core Insights - Vornado Realty Trust (VNO) is expected to report a year-over-year decline in revenues and funds from operations (FFO) per share for Q4 2025 on February 9 [1][10]. Company Performance - In the last reported quarter, Vornado's FFO per share was 57 cents, exceeding the Zacks Consensus Estimate of 55 cents, with year-over-year growth in same-store net operating income (NOI) and occupancy [2]. - Over the past four quarters, Vornado's FFO per share has consistently surpassed the Zacks Consensus Estimate, with an average surprise of 12.5% [3]. Industry Trends - The U.S. office market saw a positive demand shift in the second half of 2025, with leasing activity strengthening and vacancy rates expected to peak later this year [3]. - Net absorption for the U.S. office market turned positive in Q4 2025, ending a 12-quarter decline, although full-year absorption remained negative at 6.7 million square feet [4]. - Class A office assets are in high demand, with absorption totaling 3.5 million square feet in Q4 2025 and 9.2 million square feet for the full year [5]. Supply Dynamics - Elevated construction costs and policy uncertainty have limited new developments, with the national vacancy rate at 20.5% in Q4, a slight increase of 30 basis points year-over-year [6]. - Sublease availability has decreased in about 60% of markets, while office conversions are tightening supply [6]. Competitive Landscape - High demand for quality offices has positively impacted Vornado's leasing activity, but competition from other developers and operators has pressured the company's ability to attract tenants at higher rents [8]. - To remain competitive, Vornado is offering rent concessions, which has negatively affected its revenue growth [8]. Financial Projections - Vornado's New York revenues are projected to decline by 9.2% to $348.5 million, while total quarterly revenues are expected to be $434.8 million, reflecting a 5% year-over-year decline [11]. - The consensus estimate for occupancy in Vornado's New York office portfolio is 89.8%, up from 88.8% a year ago [12]. - The Zacks Consensus Estimate for quarterly FFO per share remains at 57 cents, indicating a 6.6% increase from the previous year [12].

Core Insights - Newmark Group, Inc. has been appointed as the exclusive leasing agent by Vornado Realty Trust for the retail transformation in THE PENN DISTRICT on Manhattan's West Side [1][3] Group 1: Vornado Realty Trust's Retail Transformation - Vornado is undertaking a $2.5 billion revitalization of THE PENN DISTRICT, which includes the redevelopment of over 5 million square feet of Class A office space and the introduction of more than 300,000 square feet of public plazas [3] - The project has resulted in the development of 1.1 million square feet of new retail space, featuring over 70 curated food and beverage options [3][4] - Vornado is creating a cohesive street-level retail experience along Seventh Avenue, complementing existing anchors like Macy's and Primark [5] Group 2: Newmark's Role and Expertise - Newmark's retail team, led by Chairman of Global Retail Mark Masinter, will collaborate with Vornado to enhance the retail environment in THE PENN DISTRICT [2][5] - The partnership aims to curate a diverse blend of local and national dining and shopping options, making THE PENN DISTRICT a vibrant 24/7 neighborhood [6] Group 3: Company Profiles - Vornado Realty Trust is a fully integrated real estate investment trust with a 26 million square-foot portfolio, focusing on premier assets in New York City, Chicago, and San Francisco [7] - Newmark Group, Inc. is a leader in commercial real estate, generating over $3.1 billion in revenues for the twelve months ended September 30, 2025, and operating approximately 170 offices globally [9]

NEW YORK, Feb. 02, 2026 (GLOBE NEWSWIRE) -- Vornado Realty Trust (NYSE: VNO) today announced it has named Newmark as the exclusive leasing agent for the next stage in its retail transformation in THE PENN DISTRICT on Manhattan’s new West Side. Vornado has tapped the Newmark retail team overseen by Chairman of Global Retail Mark Masinter, who will work closely with Newmark’s Retail Vice Chairman Karen Bellantoni, Jackie Totolo, Pierce Thompson, and Nick Masinter. The reinvention of Vornado’s retail holdings ...

Core Viewpoint - Vornado Realty Trust has successfully refinanced a $250 million loan for a Manhattan office building fully leased by Amazon, indicating a strategic financial maneuver to improve its capital structure and reduce debt obligations [1][2]. Group 1: Refinancing Details - The joint venture reduced the previous $300 million loan by $50 million, which was fully recourse to Vornado and had an interest rate of 3.65% [2]. - The new loan is a non-recourse, five-year interest-only loan with a fixed interest rate of 5.79%, maturing in February 2031 [1]. Group 2: Property Information - The property involved in the refinancing is a 477,000 square foot Class A office building located at 7 West 34 Street in Manhattan [1]. - Amazon is the sole tenant occupying all the office space at this property, highlighting the significance of the tenant's stability for Vornado's revenue [1]. Group 3: Company Overview - Vornado Realty Trust operates as a fully-integrated equity real estate investment trust (REIT), focusing on the ownership and management of commercial real estate [2].

Core Viewpoint - Vornado Realty Trust (VNO) is a significant player in the New York City real estate market, owning and operating premier assets primarily located in Midtown Manhattan and along the city's busiest walking corridors [1] Group 1: Company Overview - Vornado Realty Trust specializes in high-quality real estate assets in New York City [1] - The company's holdings are strategically positioned in key areas of Midtown Manhattan, enhancing their market value [1] Group 2: Analyst Insights - The analysis emphasizes the importance of timely evaluations of earnings and macroeconomic events, particularly in the retail and real estate sectors [1]